The data update for the $ETH spot ETF is quite fast, but the data for BTC may take a while due to the numerous institutions involved in statistics.

Speaking of ETH, the data for the last working day of 2024, while not particularly good, is also not bad. On Monday, the outflow of funds from Grayscale was counted in yesterday's data, and BlackRock had no inflows for two consecutive days; yesterday's data was mainly supported by Fidelity's inflows. If it weren't for Fidelity's inflow of over 9,500 ETH, there would have been a net outflow on the last day.

In terms of funds, although BTC saw a net inflow, BlackRock's consecutive two working days of net outflow relied on Fidelity's operations on the last day, allowing both BTC and ETH to finish gracefully. The amount of funds invested by Fidelity in BTC and ETH is roughly the same.

Although ETH's price has been criticized, recent buying sentiment is good; ETH just needs a catalyst to burst forth. This opportunity could come from a general rise in sentiment, RWA investments, or staking for the ETH spot ETF.

Looking back at 2024, the ETH spot ETF has also gone through many ups and downs. Initially, expectations for ETH were high, which pushed up ETH prices. However, with the SEC's strict regulations on cryptocurrencies, investors became increasingly pessimistic about the approval of the ETH spot ETF, with expectations for approval rates dropping to below 20% at one point. It was only a week before the final date that the trend began to reverse, but after its approval, it encountered a market downturn, preventing ETH's price from rising.

From its debut on July 23 to today, ETH has seen over four months of net outflows in the ETF, with Grayscale's $ETHE being the main seller, offloading nearly 1.2 million ETH, accounting for 42% of the total. By the end of November, ETH began to see net inflows, with the largest buyer being BlackRock, which net purchased 1,068,384 ETH, followed by Fidelity, which purchased 470,750 ETH.

By the last day of 2024, the holdings of the US spot ETF had increased by nearly 560,000 ETH, and three ETFs in Hong Kong had also increased their holdings by 5,832 ETH during this period. Overall, there are indeed more investors optimistic about ETH's future development, especially as new government administrations take office, compliant cryptocurrencies will attract more capital.